Volvo C70 Output to Resume at AutoNova

Production of C70 coupes and convertibles at Volvo Car's AutoNova joint venture is expected to resume today, April 3, following resolution of a dispute with partner TWR over how to share financial losses (see Ward's Automotive Reports — March 27, '00, p.5).
Under terms of the deal struck last week, Volvo is increasing its stake in the JV to controlling 75% by purchasing 26% from TWR. Volvo will acquire TWR's remaining 25% holding in 2003.
Production had been halted for three weeks due to ...

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